Tag Fed

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Gold Tumbles $12 as Dollar Strengthens Buying Momentum

Gold futures saw a decline on Thursday (Feb. 2) as the strength of the dollar overshadowed signals from Federal Reserve Chairman Jerome Powell indicating a slowdown in rate hikes. Earlier, gold futures had risen following the Federal Reserve’s 0.25% interest…

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Gold Futures Dip Ahead of Fed Meeting Outcome

Gold futures slipped ahead of the Federal Reserve’s monetary policy meeting on Wednesday, February 1st. The New York gold market closed before the Fed’s decision from the meeting. Investors took profits before the outcome of the Fed meeting, and shortly…

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Gold Rises as Dollar Weakens, Fed Meeting in Focus

Gold futures rose $6.1 or 0.31% to close at $1,945.3 per ounce on Tuesday (Jan. 31) as the weakening dollar boosted the market. Investors were closely watching the outcome of the Federal Reserve meeting, scheduled to be announced on Wednesday…

beer in cup photo

Gold Prices Dip as Dollar Strengthens Ahead of Fed Meeting

Gold prices closed slightly lower on Friday, January 27th, but rose for the sixth week in a row after hitting nine-month highs earlier in the week. The gold futures were pressured by the dollar’s appreciation ahead of the Federal Reserve’s…

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Gold closes $7.2 higher on slower Fed rate hike expectations

Gold futures closed higher on Wednesday, January 25th, supported by a weak dollar and expectations that the US Federal Reserve (Fed) will slow down on raising interest rates at its upcoming meeting. Analysts at City Index noted that gold futures…

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